Form 4: Eversource Energy Executive Penelope M. Conner Reports Changes in Beneficial Ownership

Eversource Energy's EVP Penelope M. Conner reports the disposition of common shares to cover tax obligations and updates on holdings in 401k and deferred compensation plans.

Summary

• Penelope M. Conner, EVP-Cust Exp & Energy Strategy at Eversource Energy, filed a Form 4 on February 20, 2025, reporting changes in beneficial ownership.
• On February 18, 2025, Conner disposed of 2,000 common shares at $61.54 per share to satisfy tax withholding obligations.
• Following the transaction, Conner directly owns 14,501 common shares, which includes restricted share units and dividend equivalents.
• Conner also indirectly owns 801 common shares through the Eversource 401k Plan.
• Additionally, Conner holds 16,367 phantom shares through the Eversource Deferred Compensation Plan, each representing the right to receive one common share upon a distribution event.
• These phantom shares are nominally invested as common shares and include reinvested dividend equivalents.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions related to executive compensation. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and holdings, typical for publicly traded companies like Eversource Energy. It provides transparency to investors regarding the alignment of executive interests with shareholder value.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

Form 4, beneficial ownership, Eversource Energy, common shares, phantom shares, 401k, deferred compensation, tax withholding